Great Western Mining finishes drilling at Mineral Jackpot
Great Western Mining announced the completion of its drilling programme at the Mineral Jackpot group of claims in Nevada’s Mineral County on Thursday, with four holes totalling 536 metres drilled in the main workings area.
The AIM-traded firm said all four holes were drilled towards known, previously-worked mineralisation, adding that all of them intercepted zones of target-type alteration.
Cuttings were being sent to the laboratory for assay, with the company’s summer 2022 drill programme now complete, and the rig stood down.
Its board said the programme - its first ever at Mineral Jackpot - was made possible by its upgrade of a 14 kilometre mountain mule track to a road earlier in the year.
Great Western was originally formed to exploit the area of historic gold and silver mines, comprising the Silver Moon, Silver Bell, Ming Toy, Bass and Mineral Jackpot mines - collectively known as 'Cabin Rock'.
Rock chip, soil and grab samples had been assembled and analysed over the last three years and magnetometer surveys conducted, together indicating potential for a doubling of the known mineralisation over the claims.
Mineral Jackpot is also host to “numerous” spoil heaps from historic mining operations, which Great Western was planning to load from site using the new road, and then process for secondary recovery of precious metals.
“This completes an exciting summer drill programme over four of the company's many prospect areas - the Southern Alteration Zone, Trafalgar Hill, OMCO Mine area, and Mineral Jackpot, with 24 holes drilled totalling 2,798 metres drilled depth,” said chairman Brian Hall.
“We now await assay results from busy independent laboratories, timing of which is outside our control but which we will announce as soon as they become available.”
At 1558 BST, shares in Great Western Mining Corporation were down 0.14% at 0.15p.
Reporting by Josh White at Sharecast.com.